bubblemania!

What is the definition of a bubble?

Play the game here to find out;

Crack Shack or Mansion?

http://www.crackshackormansion.com/

Then read this recent article;

Canadian real estate bubble officially pops

http://westernstandard.blogs.com/shotgun/2010/08/c anadian-real-estate-bubble-officially-pops.html

Canada is the housing market that most closely resembles Australia's (even down to their commodity economy and currency movements). And the pundits claimed that Canada and Australia have the world's most stable and secure housing markets and banking systems. Recently the housing bubble is starting to deflate in Canada and now Australia is following trend.

Meanwhile in China;

THE MOTHER OF ALL BUBBLES

In the latest issue of The Casey Report Bud Conrad does a fantastic job analyzing the truth about Asia. Japan is a ticking demographic time bomb. The Chinese government has created the mother of all bubbles and when it pops, it will be felt around the world. The China miracle is not really a miracle. It is a debt financed bubble. Sound familiar?

http://theburningplatform.com/blog/2010/08/08/the-mother-of-all-bubbles/

No government can micro-manage a huge misallocation of capital which creates a speculative bubble. Not even China's. And forget about "official" figures that show state controlled banks have tightened credit to reduce the risk of a collapse in China's housing. Especially with a shadow banking system that has helped create the world's largest ever Ponzi scheme. Andy Xie & Jim Chanos were right after all.

Read the real story here;

http://israelfinancialexpert.blogspot.com/2010/09/chinas-shark-loan-ponzi-finance.html